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 Dominica has the reputation of being a young but well respected offshore center. Geographically located in the center of the chain of small Caribbean islands, it confidently pushes on, gaining momentum on becoming a front runner in the offshore industry. The Government of Dominica clearly understands that security and privacy are the rights of the individual and that this position is a key factor to success and prosperity of Dominica as an offshore center for reliable investors and businessmen. Dominica currently offers an extensive range of well administered and regulated offshore services, while it continues to extend its offshore product with the goal of making Dominica a jurisdiction that is truly a one stop shop for international investors.
The most attractive, the most popular offshore product that Dominica offers to the international market is its IBC (International Business Company) – offshore company. Dominica’s' offshore industry is young, with its first legislation for Dominica Offshore Companies passed just over 10 years. Since, over 13,000 Dominica Offshore Corporations have been registered and each year this number grows.
So what are the reasons for the successful development of the offshore sector in Dominica, the growth in demand for its Dominica company incorporations, despite the strong competition in this market?
At first, efficiency of all parties, participating in the process.
Based on the newly adopted legislation, while using modern sources of communication, a Dominica Offshore Company – IBC in Dominica can be registered within one working day.
OFFSHORE INCORPORATION IN DOMINICA WITH OCI Ltd. IS UNIQUE for it is capable of on-line incorporating facilities; it provides for the advanced payment (3, 5 and 10 years) of annual fees and applies great discounts to those fees. You can form a Dominica company and walk away, confident and assured that your company’s maintenance is effectively managed by OCI Ltd., and you will have no worries for fixed periods of time.
You can complete the incorporating of a Dominica IBC, starting with the name check for your offshore company, registration and finally payment for incorporating online.
There is still a wide choice of names for your Dominica offshore company (IBC) in comparison with older offshore centers, where names choices are limited.
Here is a brief list of the advantages and benefits of incorporating the Dominica IBC – offshore company in Dominica.
- Ability to check and reserve the name of your offshore company on-line
- Newly adopted and amended legislation for offshore companies
- A Dominica offshore company may be formed with only one Director and one Shareholder
- Director and Shareholder of a Dominica offshore company can be the same person
- Director and Shareholder of a Dominica offshore company can be a corporate body
- There is no requirement for a local secretary for the offshore company incorporated in Dominica
- A Dominica Offshore company can have bearer shares issued
- Local fiduciary services for the holders of bearer shares are provided
- Non par value shares are allowed for an offshore company incorporated in Dominica
- Voting and nonvoting shares are allowed
- There is no limit on the amount of the share capital for Dominica offshore companies
- Minimum share capital for a Dominica IBC is just USD 100.00
- Share capital can be assigned in any internationally recognized currency
- Registration and annual fees do not depend on the value of share capital of the offshore company
- Dominica IBCs have the lowest annual fees in the offshore market
- Renewal fees for Dominica IBCs are paid at the date of birth of the Company
- Dominica IBC law grants 20 years tax exemption for an offshore company
- No requirement to disclose beneficial owners of the DOminca offshore company to the Registry
- No requirement to disclose names of the directors of the offshore company to the Registry
- No requirement for an annual audit
- You do not have to file books and records with the Registry
- There is no need to come to Dominica to form the offshore company or to conduct its activities
- Annual meetings of members and directors can be anywhere in the world
- There are no dual taxation treaties with other countries, and in the same way no sharing of information with other countries' tax authorities
- Dominica Offshore companies may own and manage sea vessels
- Memorandum and Articles of Association of an offshore company can be filed with the registry in any language (English translation required)
- It is Possibile to use any internationally recognized ending for an offshore company name which states, the limited liability of the company. For example: Inc., Incorporated, Ltd., Limited, Corp., Corporation, S.A., PLC, GmbH, N.V., LLC, LC, TOO, OAO, TBB, etc.
- High Court Registry certifies the documents with an Apostille
- There are no currency regulations for the offshore companies
- Dominica is the only country which facilitates the advanced payment of annual fees, while great discounts are applied to the fees. 3, 5, and 10 year advanced payments are permissible with discounts of 15%, 30% and 50% respectively.
While incorporating an offshore company in Dominica with us you will benefit not only from the advantages of this offshore jurisdiction, but also:
- We definitely have the lowest prices on the market on legitimate, highly professional offshore companies (IBCs) and accompanying services, including pay cards Visa and Mastercard;
- We have unique discounts; (go to Unbeatable Prices!);
- The whole process of incorporating offshore with us will not take more than 24 hours. Once payment is received, the Dominica Company Documents will be sent to you by courier the next day after you place the order;
- You can securely and privately purchase an offshore IBC on-line, with your Visa or Master Card;
- While paying for your offshore IBC on-line you use a 128-bit secure purchase;
- By an offshore company being incorporated or purchased directly from the country of origin, leaving middle men aside, you will save money and enhance confidentiality;
- You get nominee services and registered agent/office services with the lowest prices on the offshore services market.
Check our unbeatable prices!!!
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